Market Overview
Home Prices in Herman, MN
The median home value in Herman, MN is $216,443 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.4% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Herman are priced47% below average.
Over the past five years, Herman home values have risen by approximately54.6%, reflecting strong long-term appreciation in this market.
Price History
Herman Home Price Trend
2021
$139,978
$140K
—
2022
$175,912
$176K
+25.7%
2023
$185,920
$186K
+5.7%
2024
$183,770
$184K
-1.2%
2025
$192,561
$193K
+4.8%
2026
$216,443
$216K
+12.4%
City Comparison
Herman vs. National Median
🏠 Herman
$216,443
National Median
$410,000
At $216,443, homes in Herman cost 47% below the national median of $410,000. This makes Herman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Herman?
20% Down Payment
$43,289
on $216,443
Monthly P&I
$1,129/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,434/mo
incl. taxes & insurance
Income Needed
$57,360
gross annual (30% rule)
10% Down Option
$21,644
+ PMI applies
Loan Amount (20% dn)
$173,154
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Herman, MN?
The median home value in Herman is $216,443 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.4% year-over-year.
How much have home prices changed in Herman?
Over the past year, home values in Herman have increased by 12.4%. Over five years, prices have risen approximately 54.6%.
How much do I need to earn to buy a home in Herman?
To comfortably afford the median home price of $216,443 with a 20% down payment ($43,289) at today's rates (6.8%), you'd need a gross annual income of approximately $57,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Herman compare to the national average home price?
The national median home value is approximately $410,000. At $216,443, homes in Herman are 47% below the national average.